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In this article NFLX Netflix shares are down 24% in trading Friday after the company quietly admitted in its fourth-quarter earnings that streaming competition is eating into its growth. If it remains down more than 20% until close it will be Netflix’s worst day since July 25, 2012, when shares fell 25%. And it will

Reed Hastings, co-CEO of Netflix, participates in the Milken Institute Global Conference on October 18, 2021 in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images The latest Netflix shareholder letter included a line heard around the world: “While this added competition may be affecting our marginal growth some…” That clause doesn’t sound

In this article PTON Peloton is temporarily halting production of its connected fitness products as consumer demand wanes and the company looks to control costs, according to internal documents obtained by CNBC. Peloton plans to pause Bike production for two months, from February to March, the documents show. It already halted production of its more

Even as China spends billions to build up its domestic semiconductor sector, it is still some time away from achieving the capabilities needed to produce cutting edge chips, an analyst said on Wednesday. Semiconductors are used in everything, from smartphones and computers to cars as well as home appliances. “I still believe that [China is]

In this article TMUS T VZ Workers install equipment on a 5G cell tower in Salt Lake City, Utah, U.S., on Tuesday, Jan. 11, 2022. George Frey | Bloomberg | Getty Images Verizon and AT&T turned on a major new part of their 5G networks Wednesday, the culmination of a yearslong process that saw both

In this article ATVI MSFT Satya Nadella, CEO of Microsoft. Charles Pertwee | Bloomberg | Getty Images Microsoft tried to set a record in 2008, when then-CEO Steve Ballmer pursued plans to buy Yahoo for about $50 billion. It would have been the biggest U.S. tech deal ever, topping JDS Uniphase’s $41 billion purchase of

In this article MSFT ATVI Microsoft announced Tuesday it will buy video game giant Activision Blizzard in a $68.7 billion all-cash deal. Shares of Activision soared about 37% in pre-market trading before being halted after the Wall Street Journal first reported the deal. Microsoft shares fell more than 2% following the announcement Activision, which is

BirgitKorber | iStock | Getty Images Fines for violations of the European Union’s landmark privacy law have soared nearly sevenfold in the past year, according to new research. EU data protection authorities have handed out a total of $1.25 billion in fines over breaches of the bloc’s General Data Protection Regulation since Jan. 28, 2021,

In this article F A Ford F-150 pickup truck is offered for sale at a dealership on September 6, 2018 in Chicago, Illinois. Scott Olson | Getty Images Online payment processor Stripe has signed up Ford Motor Company as a customer, in a five-year deal aimed at bolstering the automotive giant’s e-commerce strategy. Ford Motor

Manatí, Puerto Rico In March 2021, crypto entrepreneur and investor David Johnston moved his parents, wife, three daughters, and company with him to Puerto Rico. The 36-year-old, who has been involved in the crypto ecosystem since 2012, says the decision to relocate from Austin was kind of a no-brainer.  Beyond the fact that Puerto Rico

Natasha Lamb, a founding partner and portfolio manager at Arjuna Capital. Michael Prince Natasha Lamb was shocked. It was November, and Microsoft shareholders had just agreed with her proposal to push the software maker into issuing a public report on the effectiveness of its sexual harassment policies. Microsoft opposed the measure and urged investors to

In this article CZR TWTR DIS NYT Shams Charania, NBA basketball reporter Source: Sinclair Broadcast Group’s Stadium Shams Charania’s primary job is straightforward: break news on the National Basketball Association. It’s not a new occupation, but historically it’s never been a particularly lucrative one. Social media and legalized mobile sports betting have changed the game.

Getty Images Bitcoin is down around 36% from its all-time high in November, but the dip has a good side, thanks to a quirk in the tax code that helps crypto holders shield their winnings from the IRS. The IRS treats cryptocurrencies like property, meaning that anytime you spend, exchange, or sell your tokens, you’re

Google CEO Sundar Pichai Getty Images Google is implementing a new Covid-19 testing policy for its U.S. work sites as it prepares for a continued surge in infections from the Omicron variant in the coming weeks. In an email sent to full-time employees on Thursday and obtained by CNBC, Google’s health chief Karen DeSalvo said

In this article VWS-DK RWE-DE One of the turbines at the Triton Knoll offshore wind farm, which is located in waters off England’s east coast. Ian Greenwood Turbine commissioning at one of the world’s biggest offshore wind farms is complete and full operations are slated to begin in the first quarter of 2022, according to

The Signal Messenger app is displayed on a smartphone in Hong Kong, China. Roy Liu | Bloomberg | Getty Images Federal investigators say they accessed encrypted Signal messages sent in the lead-up to the Jan. 6, 2021, riot on the U.S. Capitol, and used them as evidence to charge the leader of the Oath Keepers,

Ali Ghodsi, co-founder and chief executive officer of Databricks Inc., speaks during a Bloomberg Technology television interview in San Francisco on Oct. 22, 2019. David Paul Morris | Bloomberg | Getty Images With cloud stocks in the midst of a two-month slide, the CEO of one of the most valuable private software companies isn’t concerned.

Steven Mnuchin, U.S. Treasury secretary, from left, U.S. President Donald Trump, and Jared Kushner, senior White House adviser, listen during a bi-lateral meeting with Saad Hariri, Lebanon’s prime minister, not pictured, at the White House in Washington, D.C. Zach Gibson | Bloomberg | Getty Images New documents show that one of former President Donald Trump’s

Los Angeles Dodgers center fielder Cody Bellinger (35) steals second base as St. Louis Cardinals second baseman Tommy Edman (19) takes the late throw at Dodger Stadium in the 2021 National League Wild Card game. Robert Hanashiro | USA TODAY Sports Now that Amazon has established itself in live sports, most recently through a $1

Theranos founder Elizabeth Holmes, center, and her family leave the Robert F. Peckham Federal Building and U.S. Courthouse after the jury found her guilty on four counts in San Jose, Calif., on Monday, Jan. 3, 2022. Dai Sugano | MediaNews Group | Getty Images Former Theranos CEO Elizabeth Holmes, who was convicted of federal fraud

In this article TTWO ZNGA Mark Pincus, chief executive officer of Zynga Inc., speaks during an event at Zynga Inc. headquarters in San Francisco, California, U.S. David Paul Morris | Bloomberg | Getty Images In the 15 years since he started Zynga as a poker game for Facebook, Mark Pincus twice gave up the CEO

In this article FB A man takes a selfie in front of a sign of Meta, the new name for the company formerly known as Facebook, at its headquarters in Menlo Park, California, October 28, 2021. Carlos Barria | Reuters Facebook parent company Meta said on Monday that it will require Covid-19 booster shots for

In this article TTWO ZNGA Signage on Zynga headquarters in San Francisco, California, U.S., on Wednesday, Aug. 4, 2021. Zynga Inc. is expected to release earnings figures on August 5. David Paul Morris | Bloomberg | Getty Images Take-Two Interactive is buying mobile gaming company Zynga for $12.7 billion, marking the latest blockbuster acquisition in

In this article UBER Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images Despite losing some investor confidence amid continued Covid headwinds, Uber could be positioning itself for a comeback in 2022, analysts say. “We think this year will

In this article CZR RSI DKNG Aaron Rodgers #12 of the Green Bay Packers looks to pass during a game against the Seattle Seahawks at Lambeau Field on November 14, 2021 in Green Bay, Wisconsin. Stacy Revere | Getty Images Legalized mobile sports betting is now live in New York. FanDuel, DraftKings, Caesars Sportsbook and

Jennifer Elias | CNBC Like many travelers over the holidays, I got stuck last week in my effort to get back home. I live in San Francisco and was in Phoenix with my family. We picked that as our New Year’s meeting spot so we could attend the college football Fiesta Bowl, pitting Notre Dame

In this article TSLA Tesla owner Siraj Raval uses his Model 3 to mine for cryptocurrencies. Siraj Raval Siraj Raval has tried just about every way there is to mine for cryptocurrencies from his 2018 Tesla Model 3. He’s run free bitcoin mining software on his Apple Mac mini M1 and powered the computer by

Amazon fulfillment center warehouse. Getty Images Amazon is cutting paid leave time for U.S. front-line workers who test positive for Covid-19 or have to quarantine after exposure to the virus. Amazon said all U.S. workers who test positive for Covid-19 and those required to quarantine will now be eligible for one week, or up to

Pedestrians wearing protective masks pass in front of a banner displaying Asana Inc. signage during the company’s initial public offering (IPO) in front of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, September 30, 2020. Michael Nagle | Bloomberg | Getty Images Cloud software has been one of the best bets

As the Central Asian nation of Kazakhstan plunged into chaos this week, an internet shutdown hit the world’s second-biggest bitcoin mining hub, in yet another blow to miners searching for a permanent and stable home. Less than a year ago, China banished all of its cryptocurrency miners, many of whom sought refuge in neighboring Kazakhstan.